Financial Accountability Regime Act 2023

The Minister may, by legislative instrument, make rules (the Minister rules) prescribing matters:

required or permitted by this Act to be prescribed by the Minister rules; or

necessary or convenient to be prescribed for carrying out or giving effect to this Act.

To avoid doubt, the Minister rules may not do the following:

create an offence or civil penalty;

provide powers of:

arrest or detention; or

entry, search or seizure;

impose a tax;

set an amount to be appropriated from the Consolidated Revenue Fund under an appropriation in this Act;

directly amend the text of this Act.

In this section, a reference to this Act does not include a reference to the Minister rules, the Regulator rules or the Regulatory Powers Act.